For active real estate flippers, leverage and reliable draw schedules are everything. Our fix and flip loans are designed to maximize your cash-on-cash return by covering up to 80% of the purchase price and 100% of the renovation costs, with up to 79% ARV.
We understand that delays cost you money. Our in-house draw management ensures that once you complete a phase of work, you get reimbursed quickly, keeping your project moving and your contractors paid.
Yes, we hold the rehab funds in escrow and release them in draws as work is completed.
You request a draw, we send an inspector to verify completion, and funds are wired within 24-48 hours.
Yes, though leverage may be capped slightly lower (e.g., 80% purchase) until you build a track record.
In some cases, we can establish an interest reserve if there is sufficient equity in the deal.
No, our fix and flip loans do not carry prepayment penalties.
Fidelity Funding Corp · Direct California private money lender since 2006
450 N Brand Blvd, 6th Floor · Glendale, CA 91203 · Mon-Fri 8AM-6PM PT